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Insilico Terminal Podcast Episode 26 - BTC_Charlie
89 Plays17 days ago
In this episode, we’re joined by Bitcoin Charlie, a long-time crypto trader known for alt rotations and comparative “spaghetti” charts on CT. Charlie shares his journey from entering crypto in 2017, making and losing money in his first cycle, and returning more disciplined in the 2020–2021 bull market. We talk about the infamous missed SHIB fortune, lessons from fumbling huge gains, and how his trading style evolved around relative strength and altcoin rotations. The conversation explores cycle psychology, navigating bull-market mania, why most traders give profits back, and how Charlie approaches markets today after years of hard-earned experience.
00:00 Intro, 2017 cycle, alt rotations and “spaghetti” origins
08:59 2018–19 bear market, building systems, personality-driven trading style
16:01 Shorting strategy, Bitcoin hedging, risk management philosophy
23:05 Spaghetti scanner, sector rotations, position sizing framework
30:06 On-chain gambling, meme coin cycles, influencer ethics
35:04 Biggest mistakes, conviction, de-risking rules and FOMO lessons
41:01 Is the cycle over? Bitcoin thesis, no more alt seasons, trader’s market
52:34 Hope for crypto: SocialFi, AI, privacy coins, final advice & reflections
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Transcript
Introduction and Early Crypto Experiences
00:00:03
Speaker
you
00:00:12
Speaker
Welcome to a new episode of the InSilico Terminal podcast. My guest today is Bitcoin Charlie. And what i like to ask in the beginning is for the guests to introduce themselves. So if you could tell us a bit about who you are and what you do for the people that might not know you.
00:00:36
Speaker
Yeah, sure man. So my name's Charlie, I've been in crypto for far too long. I bought in in 2017, got fucked in my first cycle, I made load of money and gave a little back.
00:00:47
Speaker
um Took a bit seriously the second cycle, so 2021, 2020, 2021. And I've been kind of addicted slash trading crypto ever since.
Significant Trading Mistakes and Lessons
00:00:58
Speaker
I think I'm probably if known quote-unquote for fumbling a billion dollars worth of shib, which is probably probably one of the big bags that I've fumbled.
00:01:11
Speaker
um And for alt rotations and like spaghetti. So the, you know, comparison charts. So I trade that a lot. What made you first get into...
00:01:24
Speaker
ah One of my mates, we were, you know, classic story, all sat on a WhatsApp group together, one of them was like, you know, we're all gainers from way back when, and they started talking about how they were making money out of this, you know, various cryptos, and I was like, hmm, this sounds interesting. So, who jumped in.
00:01:42
Speaker
I read the Bitcoin pizza story, and one of my mates who's like a studying as a doctorate, PhD, or whatever in computer science said, oh, Bitcoin's a scam. And I was like, right, I'll trade some forex instead then. So I lost a thousand pounds in forex trading. This is like, you know...
00:02:00
Speaker
like in 15 years ago, whenever it was. yeah, yeah. yeah um Instead of getting into into Bitcoin, which is thought yeah totally my like choice, right? Not blaming anyone else.
Transition from Forex to Crypto
00:02:09
Speaker
yeah You always always think back and you go, oh, maybe I should have got addicted to crypto like 12 years ago, whenever the fuck it was.
00:02:18
Speaker
so you were already into Bitcoin before getting into crypto? No, i kind of I kind of wanted to trade, so I was an accountant before that. So, but like, there's a lot of stuff in there that makes you quite risk-averse, following processes and, you know, doing all that kind of stuff. Yeah. so there's a lot of, like, transferable skills, but I guess I was fascinated by money, and that's why i got into accountancy to start with, which was completely a fucking wrong choice. But then when um then when if know I found kind of trading in the form of foreign exchange stuff, i was like, wow, this is fascinating. And then i found crypto, this was like, yeah, this makes total sense. Like Bitcoin that is just yeah transferable money, store of value across the internet, across the ether. Like I never really understood why we had more than one currency anyway, like when I was young, do you know what I mean? And then Bitcoin kind of came along and it just, it just made total sense.
00:03:13
Speaker
So you were interested in being in it as a way to make money, but like you were in it for the tech? yeah Yeah, no, was genuinely... like Originally I was in it to kind of gamble and just have a bit of fun, and then I got fully in it for the tech. like Particularly Bitcoin, that's why I call myself BTC Charlie. So the the origin story of BTC Charlie is I kind of wanted to be...
00:03:34
Speaker
I wanted to get involved in Twitter and stuff, but after the first like cycle I was like, oh this is actually you know quite interesting, I want to talk to with like-minded people, I'm going to stay. Like a lot of my mates that we all did that first cycle together, you know, we were texting each other every day like, oh my god, I just printed 10 grand on smart cash, what's this? Like, duh duh duh.
00:03:53
Speaker
Like, oh have you invested in Dragon Chain Boys, is this the Disney coin that's coming? Like, I'm triggering sort of Warzone memories for people who are there. But you know, they all, well pretty much all of them decided to quit.
00:04:05
Speaker
listen it But I was one ah when I was at Staid and yeah, i kind of thought, well, I'll surround myself with like-minded people.
Trading Strategies and Community Engagement
00:04:12
Speaker
What is crypto? Golden ticket. And Charlie's born.
00:04:17
Speaker
You know, and I was very much a believer that alts are used to stack more Bitcoin, although I did smoke my own dope on a few coins, a few memes, a few um projects like Rune, for example, you know, interoperable um across multiple blockchains like DeFi ecosystem. Like I made a lot of money on that because I bought it, I held it for a long time and didn't didn't cheat it, so to speak. But some yeah, it's been a...
00:04:44
Speaker
a journey of ups and downs over like eighty eight years but overall up absolutely massively you kind of just activated my my memory when you said rune because like i remember it yeah it's like quite a thing a couple even a couple of years ago like it's a thor chain right and i haven't heard of it yeah yeah yeah i'm like three years yeah yeah i ThorChain was kind of what I thought it would be anyway, which is just, you know, I can swap this currency for that currency, but anyone in the 2017 cycle will remember that you had to, like, ah move between Bitcoin or altcoins. They're all alt-BTC pairs, right? So you traded, like, ETH-BTC. You didn't trade ETH-USDT. It was like you wake up and your your entire alt portfolio is fucking wrecked because Bitcoin's were run. um or Or the opposite, right? Your alts are up, like, 40% in a day. Mm-hmm.
00:05:37
Speaker
So what was your trading like back in in the first cycle? The first cycle was horrendous, mate. I bought such stuff because there was rumors of a logo change. Absolutely fucking horrendous. The classics. Yeah, yeah, I mean, it's 2x, right? They might change their logo, right? Yeah.
00:05:54
Speaker
Price has gone up twice, like 2x. Insane. um But yeah, it was just terrible. I over allocated. did i think cash out like 10x what I put in, but then I ran that up, the remainder up like 33x. And then I pretty much round trip that to minus 70% from the peak. And it was just like, wow, I've given back so much money.
00:06:15
Speaker
um So I had no strategy. I had no nothing other than, you know, my mate said, this looks good. um And it was just it was just yeah pointless. And then when I came back, like I literally physically cashed everything out.
Balancing Trading and Personal Life
00:06:28
Speaker
Physically cashed every penny of crypto and just went, right, if I'm doing this, I'm doing it properly. i wrote a business plan. i wrote an allocation plan. I wrote, this is, I'm going to be 25% exposed to Bitcoin and Ether all times. I'm going to be 25% trading, et cetera, et cetera. I'm going to be 25% alt bags that I want to hold forever. It's like Thor Chain being one of them. Sorry, my dog's in with me.
00:06:48
Speaker
Um, and, um, yeah, like I literally took it like super seriously. But again, this was like the accountant in me who wanted a business plan, who wanted a budget, he wanted everything kind of locked in.
00:07:04
Speaker
But it also meant that I didn't have to think about things when things changed too much. So like I'll give you an example, when NFTs went on a massive run, I'd already said I can allocate X percentage of my portfolio to it.
00:07:15
Speaker
But then when that percentage of my portfolio grew from like, you know, 5% of my fuck around portfolio to actually this is like a substantial bit of my net worth now, it was like, okay, we've got to have some rules to kind of deal with this and and reduce my exposure essentially.
00:07:33
Speaker
Like, I bought a Beeple for a dollar and sold it for a hundred and something thousand. So, you know, they were like, it was just crazy times, like during NFT mania, right? It was mental. You you mint some NFT, it's number one in the collection, instantly sold it for 60k, like, you know, just yeah a picture of some fucking spider or some shit. Like, it's just mental.
00:07:56
Speaker
Did you still have your job during the first cycle or after like you you made the losses? During the first cycle, no. um i'd kind of just finished up. um and And yeah, I've not had the pain of doing, you know, quote unquote, a full-time job and trading and investing and doing crypto together.
00:08:18
Speaker
so Yeah, that could be, know, I understand why people struggle and I understand why people like, you know, can't sit and stare at one second spaghetti charts all day, which is pretty much what I do, to find what's strong, what's weak and what the outliers are and so on and so forth. um Yeah, but it's one of those things where you kind of go like, how do I put it?
00:08:43
Speaker
you either go all in ah and you kind of bat on yourself, I think, or or you don't. And for me, if you've got the capital to do it, you know, you absolutely kind of should. um If you're kind of supporting a wife and two kids and, you know, your bills to pay and mortgage to pay and all that kind of stuff, like I totally get. that you can't just go balls deep. But, you know, at some point you have to take risk. Otherwise you just kind of end up doing what everyone else has always done.
00:09:08
Speaker
Right. And i know it's very easy for me to say in my like luxurious position of of being a three cycle pleb. Um, but yeah, it's at some point, I don't know. And again, I'm not trying to be a lifestyle coach or guru or any bullshit like that. But at some point you have to take a risk. Otherwise you're just gonna, you know, be the same as everyone else.
Trading Systems and Market Adaptation
00:09:30
Speaker
hmm.
00:09:31
Speaker
So how did you like ah manage the environment of 2018 and 2019 when it was kind of boring, nothing was really happening? i was I was trading a lot, um trying out various different systems, um I subscribed to a few different paid groups, i um studied a lot of people people like on Twitter, like not just um like blindly copy traded, right? and never Never really did that. why i did that in 2017, that's a lie.
00:09:58
Speaker
um You know, I was just like, oh, Crypto Macho said about this new shitcoin that got under x like two minutes later it's fucking zero like cheers mate um but yeah no i was i started following like traders like trader xo sc um cbs like other people who were trading so actually you know out there doing the i'm gonna buy here if it goes below here i'm cutting uh my losses and that's it And, you know, eventually i kind of built my own system.
00:10:30
Speaker
um And then I built various other systems based around EMAs, based around Renko, based around DIRs.
00:10:39
Speaker
based around sort of high time frame levels, um you know, all that kind of wonderful stuff. And eventually I got um really comfortable with, you know, I was always trying to chase the big winner.
00:10:52
Speaker
um You know, the big winner of the day, the big rotation. And it kind of speaks to my personality I guess because I'm the one that likes know if you're playing ah a game like a World of Warcraft or something I want I want the big spell that's gonna hit hard and fucking take him from 100% health to zero like I want the one shot you know i mean I want to be doing that not just rotting people down or whatever um and I say that because i think trading and trading styles have to kind of match your personality And like, I don't have, especially these days, like huge emancipations. So playing like low timeframe rotations and trying to buy like the strongest coin, which is exactly what Spaghetti tells you, um just plays into like me and my my personality style, if that makes sense.
00:11:36
Speaker
And that's like what you already discovered back in like 2020? that was kind of 2018. It was probably more 2019, I suppose, when we had runs like Matic. I'm trying to think what other kind of big trades or trade opportunities there were back then. It's kind of all a bit of a blur. was Matic, there was like Theta, there was few kind of big sort breakout trades, know what mean? But... The market was really focused on one or two altcoins. And if I compare that to like nowadays, you know, it was ZEC, Zcash, you know, however many months ago it was now, like two months ago, whatever, before Christmas, like that had a massive run. And I traded that several times to the upside. I traded it literally at the Pico top. I longed it at like $700 or something. took a loss on it. But that's the strategy, right? You like, you basically long these really strong assets again and again and again into the fails once or twice. And you've, you've,
00:12:28
Speaker
you've made a lot more in the the upswings than you have in the one or two losses that you ah you take at the end. That's just part of it, right? And you mostly do that while day day trading, so like on lower time frames?
00:12:42
Speaker
Yeah, I mostly do it intraday these days. So like, you know, I won't go to bed with some closed positions, sorry, with open positions. You know, most things be closed. um But I do do some four hour swings here and there, right? and Particularly like Bitcoin, like I will buy Bitcoin. I bought Bitcoin a couple of times. um Like, I bought Bitcoin a few times on the uptrend. um I bought again at like one hundred and ten k and I sold that like $108k or something. I tried again at $90k something, I think, and I took it like a 2% loss on that or whatever it was. um So, you know, it's not like I'm not trying to long Bitcoin or do some swing... swing
00:13:19
Speaker
plays, but I just don't, i don't do that as much anymore. And I was quite lucky. I kind of risked off massively when we got to, um, like 124 or something. it was on like the 8th of October. I remember that day is burned into my brain. Um, so a couple of days before 1010. Yeah.
00:13:37
Speaker
And the yeah, since then I've been pretty fatigued in terms of general market and trying to play intraday rotations on alts and stuff. It's just, there's not much there. There's not like any like majorly clear narratives to me at least. And I think the kind of risk reward of trading actively in these conditions, you know, with size and trying to really run it hard, it's just it's just not bad for me at this like moment in time. But yeah, when when I start seeing things pop up again, like a Zcash running or something like that, then I'll mostly be intraday trading it.
00:14:14
Speaker
is you like know i Is your trading style kind of similar to like what Hasaka used to do Yeah. Oh yeah, yeah. So, Hasaka was a big kind of influence on me because he he was one of the ones who sort of not adopted the relative strength chart, but he did it in Excel. And then it was like, yeah, yeah. there's i i um I can't remember what like or when he um he did it, right? But he he definitely did it in Excel. um
00:14:45
Speaker
And it was like a, he did like a bar chart of like, these are the best performing assets, you over X period or whatever. And when he did that, and then when I found out that there was like um the the ability to do that in TradingView, know, i used to send him Excel memes.
00:15:04
Speaker
because we both used to meme about like Excel, because I used to do some some work in Excel as well. Like, being a former accountant, I used to get a load of API stuff from like CoinGecko and piss around with that and see what was what was going on off that. But you know, it was bit of a scanner.
00:15:18
Speaker
um But yeah, as soon as I sort found that combination of like price action, momentum and relative strength, to me that was like, you know, that was the kind of the trifecta, if you like, of all right, well, I know which alts are kind of pumping. I understand how and when to get in them. And I understand the signs that they are losing a high timeframe momentum. And when you kind of put all that together, it becomes quite a not a simple trading system, right? I'm not going to like try and oversell it.
00:15:50
Speaker
But to me it just clicked as a, yeah, this makes total sense. You know, I'll keep playing Zcash whatever it might be until we lose that strength. Do you play downside as well?
00:16:03
Speaker
I do, but um my downside is very different to um upside. So i use more price action um to the downside. So everyone asks like, Charlie, how do you short using spaghetti? And the answer is, i don't really. um I use it as a bit of confluence to say that if it's if it's one of the weaker alts, so like Pippin's a really good example. Pippin had a really good few days um whilst everything else was dead.
00:16:30
Speaker
And now, you know, it is pretty shite. Or it was earlier when I looked. Yeah, it's relatively weak. So if you were in a short on Pippin because the price action kind of told you that you should be because there's like a nice lower high after the big spike, you big kind of push up, the failed got absorbed, pushed back. And then you've got relative weakness. You know, you know that you shouldn't be closing that for like a 1% move. You know what I mean? You should be trying to hold that. So it doesn't give me entry criteria normally for shorts, but it does give me confluence and confidence to swing some of my shorts. But most of the time I'm short BTC if I'm shorting anything. I'm currently short Jelly Jelly at the minute.
00:17:12
Speaker
um And I'm short that from like something ridiculous. But yeah, and again, that relative weakness tells me that I can hold this for for some time because pretty much the entire market is pumped. um But Jelly Jelly and Pippin are just shit in the bed.
00:17:26
Speaker
so Why do you mostly choose Bitcoin to show it?
00:17:32
Speaker
um Because I've still got some Bitcoins um that just, you know, spot hedge against global collapse and all that kind of stuff. And, you know, we can talk about like next cycle or that kind of stuff in a bit if you want. But um yeah, it it feels stupid not to have like at least one Bitcoin. And I know that's like an ambitious goal for a lot of people. But yeah.
00:17:54
Speaker
Yeah, even if it went to zero, it would still it'll be a relic vanilla gone by. you
Social Media's Role in Crypto Trading
00:17:59
Speaker
know what I mean? yeah um So I'm often like like, it's always interesting on Twitter, isn't it? And I always like take everything with a pinch of salt and I always encourage people to do the same, even when you're looking at my tweets or stuff like that. um You don't know my net position, right?
00:18:13
Speaker
Like you don't know the i I'm short 100 Bitcoin, amazing. Wow, what a fucking chad trade. If I've got 1000 Bitcoin in spot, fuck. you know, I am deep under the water. I bought them all you know what I mean? My execution's as bad as Sailor. Like, you just don't know. and people can just laugh, they just fucking lie. They can just say, oh, that's this. You don't know what people have got covered, you don't know yeah whether that was their 10th trade of the day that they're flexing, or whatever it might be.
00:18:46
Speaker
But yeah, that um i i'm I'm mostly short in Bitcoin because, you know, I was saying to one of my friends actually, like XO, that, you know, I was literally spamming him on on the week of October. Like, i just going like, it's fucking over mate. I can't, I just can't. But I can't, I can't tweet it. I can't, I can't like tell everyone that I think the market's fucked because everyone just unfollows you and says, you're bearish, you're retarded. And was like, I can't be bothered with the backlash and the drama. Just quietly sold everything, put a message out in the group saying, yeah, I'm pretty much done. I got some spot BTC and that's it boys.
00:19:18
Speaker
And then, you know, couple of days later, tire market's fucked and I've just been pretty risk off since then. yeah In hindsight, probably should have taken on a bit more of an aggressive short position across multiple alts or at least least ones that had the structure to do it. But, you know, I always sit back and look and then I hear all the stories of everyone being liquidated and stuff and I'm like,
00:19:39
Speaker
boys, what? Like, know, I know people have been in this space for as long as me and have blown the fuck up. And you're like, what? You know, one of the guys who gave me ship, like, literally gave me ship, um he he must have ran his account up to several million and then nothing about five times.
00:20:01
Speaker
That's crazy. I just, yeah, yeah, yeah, I don't get it. I cannot do that. I do not have the risk appetite. You know, i just don't. You've like never blown up before to that degree? No.
00:20:14
Speaker
No? And I know that sounds like really retarded and I'm not trying to sound like, oh, I'm a fucking baller, because I'm not. Like, I, you know, I should either be, he you know, 10 figures or broke, really, the amount of exposure I've had to crypto, but I'm not, I'm slow and steady. And that's the accountant in me, right? That's the, I'm going to manage my risk. At almost every single point in my, like, last eight, nine years in crypto, however long this fucking been, I've known my exposure almost all the time. Like, as in, if the market though goes down 50%, how fucked in the ass am I going to get? If the market goes down 100%, am I telling the wife and daughter we've got to move out? Do you know mean? Like, i i know I know the answer to those questions. Like, and I always have, and um' I've always asked myself, am I happy with this?
00:21:06
Speaker
these chips on the table. Yeah. You know, because it is, it's it's, it's all a number you can cash out at a point in time. If you're up half a million quid and you've got, you know, minus two grand in your bank account.
00:21:18
Speaker
Yeah. What are you doing? Yeah. No, I can definitely... again, that's like, I'm also... That's my risk tolerance. so I don't really like to to lose too much money or to like, I don't think I would ever blow up or whatever. I'm i'm pretty conservative.
00:21:35
Speaker
And I also like kind of like the the slow and steady stuff a bit more. it' just i don't i'm I'm like allergic to losing money. I just don't like it. Yeah, same. And don't get me wrong, I put my foot on the gas sometimes, right? There were times when, um the the to be honest, I haven't done it for a while, but the um the one that always stands out in my mind is there was the XRP case, where they won their case against the Circle whenever it was. um And it literally, like, I was looking at it on spaghetti, it went up 4% in the blink of an eye. And I was like, what the fuck is that? was like, my God, you know we were all kind of sat there waiting for it to happen. And then it started pulling back. And I was like, you know, flicked onto Twitter. Sure enough, um they won the case. And I was like, there is no fucking way this is a 4% move. That does, that no. a plus B does not equal 4%. So I fucking slammed in size. um
00:22:29
Speaker
And I rode that up for like 80% in the space of like two hours or whatever it was it was. It was mental. And the entire market ran and rallied to XRP. All liquidity got pushed into it. It was it was amazing. um That was the last time that i really put the foot on the cash, which was what, two years ago now? Maybe even three, fuck me.
00:22:51
Speaker
That's the last like degenerate trade. you know and and it was pretty degenerate like i i could have lost a reasonable amount of money and i would have been happy to do so um but i wouldn't have been moving out my house or anything like that right it wouldn't have been uh it wouldn't have been that kind of scale so i want to talk a bit more about all the the spaghetti softworks like do you just have all the relevant uh like how do you choose which assets to put on there
00:23:20
Speaker
Yeah, so typically i pick stuff that is either in play because I know it's in play from Twitter, um or I've got a scanner that's separate that I look at and go, okay, well, these alts kind of fit some criteria, volume, strength, et cetera. So not relative strength, but yeah, i'm just a couple of other indicators.
00:23:41
Speaker
and then decide if they look like they are coins that I might want to trade or if they're indicative of specific sectors. So, you know, you can't really have a spaghetti chart without Doge on it, for example. Now, do I want to trade Doge? Not particularly. um But if Doge starts going massively risk on because of something, um which to be honest I can't really see ever happening again, but yeah, that's a different point, um then memes are probably going to do okay. So if you've got something like Bonk that has a a nice range on it and it starts breaking out, it starts getting some relative strength, then you can see that there's a rotation into memes because Doge is risk on and so on and so forth, right?
Current Strategies and Market Adaptation
00:24:20
Speaker
That, at least for 2020, 2021, worked really well um in terms of like sectoral rotations. um At the minute, I'm more interested in just anything that fucking moves. So playing stuff like Pippin and Jelly Jelly, even though you can get much size with it, yeah it is piss size. The volatility that you get um as a trade-off is is pretty good. It'll have 10% rotations to the upside or the downside.
00:24:50
Speaker
Is there like an average amount of stuff that you look at or does it depend on market conditions? It depends on market conditions, really. I mean, i i ah you can only fit, I think it's like 200 tickers on um spaghetti here over the like super premium or whatever it is on TradingView.
00:25:08
Speaker
But yeah, generally, it's filter everything high time frame, number one, add stuff that fits the criteria, number two, which is like, you know, it does actually have to be relatively liquid, although Jelly Jelly Pippin would be the exception. um And then just add it and remove it from spaghetti. Actually, I'm terrible at removing stuff from spaghetti, to be honest. I always add.
00:25:29
Speaker
So you like, go in the morning, sit on your desk, and then you just like, look for what is showing the most relative strength and hop onto that, or... Pretty much. I mean, what it tend to do is plan the week out um from a high timeframe basis at the start of the week. So on a Monday I'll sort of an outlook and and look at what's going on. So don't trade weekends because that's family time. um You know, it's kind of sacrilege.
00:25:53
Speaker
um And, you know, like this week i i I talked about Pippin, this week I talked about the Bitcoin reclaim. I had triggers for kind of all of it, had alerts set up. So Bitcoin reclaims 66 or whatever it was, um then, you know, we should get a risk on rotation. We did get that. All the alerts went off. I sat there playing well, which, you know, just is what it is. um but yeah, I will have high time frame levels mapped out and plans drawn out on most charts anyway that are worth trading just as just as a result of you know the fact that I do this five days a week and the fact that I'll stream to both Paragon and Public and as part of that we go over lots of different altcoins.
00:26:45
Speaker
How do you decide the sizing of your positions, especially when there's like multiple like runners, for example, at the same time? Yeah, it's a really good question. So I limit myself to three um like alt positions at any point. right I never never go more than three. um And it's largely because like alt beer is just yeah Bitcoin. really If Bitcoin dies, yeah yeah if you're short three coins um and Bitcoin dies, you're going to do well. If you're long three coins and Bitcoin dies, you're not going to do so well. It's kind of just that simple.
00:27:15
Speaker
um And all you're really doing is, you know, increasing your exposure massively. But you might have good setups and it might be a risk on environment, which to be honest, we haven't had for a couple of months. um So yeah, I've not been doing that too much. But in answer to your question, I pretty much have consistent size um apart from, like because said, like Jelly Jelly and Pippin.
00:27:35
Speaker
yeah um you I don't tend to go above it and it will change between um Bitcoin and alts, obviously, because Bitcoin is much less volatile um in general than alts.
00:27:49
Speaker
And it's obviously much more liquid and alts are much less liquid. So if you're trying to you know clip in a decent sized position on alts, um you're going struggle a lot more to get out of it than you would for ah for the same size Bitcoin position.
00:28:06
Speaker
So in times like now, you're pretty much um just kind of like waiting, I assume, and like looking for some place. But like your strategy, I guess, really thrives when there's a lot of market activity and some narratives and upside and whatever. Yeah, I put it this way. If um if Bitcoin breaks above like 71 and a half, then I'll be like absolutely crushing it on that swing up, right?
00:28:32
Speaker
That'll be where I make most of my money and that'll be lovely, nice and easy. um But I'm just trading for a fun and B, you know, to keep the lights on, really. Yeah.
00:28:46
Speaker
And um I guess that you deal with the boredom by playing World of Warcraft or video games in general. Yeah, video games, World Warcraft, chill in the group, shitposts on Twitter, gamble.
00:28:59
Speaker
um Yeah, just that kind of stuff. I should probably go out a bit more. But um yeah, I've i've always liked computer games and stuff. And to be honest, like most people ah during the day are um like at work or, you know, thought was at school and stuff. So what else am i supposed to do? Like, don't know. everyone Everyone's like, hey, retirement's going to be amazing. And then you kind of get to a semblant point where you can actually, you know, not necessarily work every day. And you go, well, now I don't know if I can do it. Yeah.
00:29:31
Speaker
Most are not made for the game. Yeah, exactly. i mean, that's the thing. Like, I know, there's there's actually a shitcoin called NEAT, isn't there? Which I own that, by the way. Disclosure. But that seems to be doing quite well.
00:29:47
Speaker
Do you ever do anything else in crypto besides just like trade on Saksis or the crypto? I've done loads you any loads of on-chain shit, mate.
00:29:58
Speaker
Yeah, yeah. If you want to see 100x or minus 99x, just check my portfolio. Like, my on-chain stuff is just full of like... um There's a load of dead memes, you know, I've played various meme rotations. I did a little bit of pump fun, not as much as I should have. um I did lots of memes. So I bought like, ah one of the big ones actually was Fred. um So, you know, Peanut.
00:30:24
Speaker
Yeah. um There was also Fred, the convicted raccoon, um which not many people know about. aped a fuck ton of that at like, I think it was like 100k market cap or something yeah stupid like that. And it eventually went like 250 Or some shit. It was, yeah, it was fucking nuts. But like, I was i was gonna tweet it, and I was like, i can't tweet 100k Market Cap project. yes And then I was like, oh, i wish I really wish I'd tweeted it just to get some of that fucking cred. but Did you take Propheaval?
00:31:02
Speaker
Yeah, yeah, yeah, yeah, yeah. I actually played it twice. I took profit on the first run up and then um i went in again, like, can't remember what it was. It must have been like, 10 million, maybe 7 million um and bought a fuckton back. Maybe it was lower. I can't remember.
On-chain Trading and Market Dynamics
00:31:20
Speaker
But um yeah, I basically played the first cycle because it was within 24 hours and it was like a 200x or something stupid. And then the um the next one was, you know, again, it was, I think that was like a couple of weeks and then it ran to like 250 million.
00:31:36
Speaker
But yeah, it was very, very good. um So I do dabble on Chain. I just, again, you can't really tweet about it or, you know, people I don't know, people just get a fucking salty bummer, especially if they go like below your entry, right? And especially these days, it's like the expectation is that you own like 50% of the supply and you're dumping it on everyone's heads. Yeah. And I'm not smart enough to fucking do that or dumb enough to bend an eye to look at it, right?
00:32:00
Speaker
And like, know, I got offers back in the day like like, tweet out things like X is the next ship and the amount of money that was, like, being offered was, uh, was a lot.
00:32:14
Speaker
And i just, yeah, I didn't do it, but, um, yeah, you kind of go, like, i wonder how much clout you'd get from, like,
00:32:26
Speaker
actually sending a shitcoin from 100k to, you know, 250 million, or yeah is it just easier just to sit in the fucking shadows, watch your money go to zero, and just stick to perps? Because no one really gets angry at, like, perps traders, you know what I mean? Unless you come out bearish and you say, I think it's over, boys, in which case everyone fucking cries.
00:32:46
Speaker
Like, look at when like, Exo was shorting the shit out of Matic every day and Matic's at like, what, minus 99.9% now? So you fucking absolutely killed it. But everyone just hated it.
00:33:00
Speaker
Yeah, people get really mad if you like short their bags. I mean, especially back then. It's kind of a bit more... Yeah, people get really salty. Really salty as bag holders. I tweeted something that was like, hey chat, rate my trade idea. And it was a short from 126k. And twenty six k yeah i I periodically retweet it. It'd just be like, hey guys, how's everyone doing?
00:33:21
Speaker
But it's kind of the part of the con as well. Yeah, that' that's to be honest with what keep what's keeping me Like, oh there's a lot of people that are awesome and there's a lot of like smart people on on CT, right? Like there's a lot of dumbasses that, um you know, just got lucky and probably gave 99% of their gains back and then just serial-rugged their followers with a new pump-fun meme every day or whatever, right? There's like whole swathes of of crypto Twitter that do that. And I don't know where of them are. I'm a fucking boomer, right?
00:33:54
Speaker
but that But there are, i as I understand, I just think like there's always some drama on CT as well, right? It's our little club. It's like, oh, who's that going to expose this week? Like there's this big fucking, is it tomorrow he's dropping an article on like some massive insider trading? I don't know which day, but yeah, like soon, I guess.
00:34:15
Speaker
I'm interested interested in what it
00:34:18
Speaker
Yeah, it's just funny, man. It's like, whoa, what's going to happen today? It's our, like, little weird cult. Although i think it's changed a lot over the years. Like, it was definitely, like, ah it felt like crypto in general was, like, a niche internet community, right? Now it's just where everyone comes to to try and get rich. And, yeah.
00:34:37
Speaker
Or get rugged by Trump. That was one of my favourite trades, actually. I shorted Trump at 30. And I held it till about, like, yeah Yeah, I held it to like $7 or something and then I was like, yeah, if I don't close this soon, I'm actually just gonna like get my ass eating on funding or some shit. And I was like, yeah, fuck this. I'm just gonna out. But I did, I tweeted, I was like, I'm gonna hold this to $1. And thought i I don't know what it's at now, but it must be fucking close.
00:35:06
Speaker
Since you've been in in crypto and trading so long, like what were some of your biggest mistakes or lessons that you that you learned along the years? It's probably all of them. Like genuinely, if there's any kind of advice that anyone's ever given on one of these podcasts, I probably had to go through the same journey myself, right? And like one of the biggest things is you're trading against yourself. So my my big weakness was always holding things with conviction, right? Always holding things with a conviction because I always wanted to leave things up like and just go, well, if I've made 10 grand today, I'll fucking take that off the table. Happy days, I can always make it back tomorrow. And the reality is that you can't because you might not get that entry again, right? So there's always this constant battle in your brain of, well,
00:35:51
Speaker
What if it goes back to my entry, I can buy it again and then I get, you know, the the second trade essentially and I can make instead of 10 grand, I can make 20 grand and then you keep doing it and keep doing it and keep doing it. You end up like chopping yourself up, you get back in and worse positions, the trade looks different. Yeah.
00:36:05
Speaker
So that was my big struggle to start with, right? Just starting to have like um conviction in the markets, conviction in my ability, conviction in trading and or just holding. Yeah.
00:36:18
Speaker
That was like my big, big, big weakness and mistake. And I'm surprised that i held Rune for as long as I did, right? That was my big, like, i have to hold this. I have to just not fuck around with this bag. um And just, yeah, not try and trade it.
00:36:35
Speaker
I think that, i like... How did you get better at that? I mean, it's just like anything, it's practice. And I think for me, having that plan and having the numbers written down of if you sell this at this point, um then, ah you know, this is what you'll make type thing.
00:36:51
Speaker
um And also, like, one thing that I did was I always had a number that I de-risked a percentage at. um So if if you hit a 10x, you have to take your initial out.
00:37:02
Speaker
Have to. If you're feeling then a bit spicy, take 110% out, right? Reward yourself. Like, fight that little barrier of, you know, hesitation and risk.
00:37:15
Speaker
um Risk aversion, I suppose. And just, you know, line the pockets a bit. keep keep Keep enough for a rainy day and another go somewhere else. But stick to your plan. So whenever I enter something these days, or if I choose not to enter something for whatever reason, because the opposite is FOMO, right?
00:37:34
Speaker
We've all had that thing where your mate sends you a coin and you go, meh, I'll leave it. Now leave it. And then two weeks later you see it and it's up 10x and you go, oh, actually that was really good thesis. I really like it. Maybe I'll buy some now. You buy it. It goes down 50% in the day because the mate who told you about it just dumped on you at 10x, right?
00:37:53
Speaker
But, you know, reminding yourself why didn't buy it and then going, okay, well, next time I hear it here of something new, innovative or ridiculously retarded, um like Pepe. Pepe was one I wrote down. um ah saw it at 300K market cap. Eric Kryptoman called it and said, this is it I was like, i I've got a million fucking Pepe's on my phone. Like I've got more pictures of Pepe on my phone than I do my wife and daughter, I think. I was like, but I'm ill. I was so ill at that point in time. i was like, I shouldn't be fucking around with like yeah money and memes and all that stuff. And that's what I wrote down. I wrote down my little list. I'm not gonna do it. I'm not gonna play.
Reflections on Mistakes and Missed Opportunities
00:38:30
Speaker
Maybe I'll check it on Monday, see what's going on. On Monday, it was worth like 15 million or something. I was like, ah oh, game over.
00:38:39
Speaker
ah game over But there's always a nice... Actually, remember that like back then, and in the in it was like in the deep, the depths of the the bear market. And I think I saw it, I don't know this what what market camp it was or whatever, because I didn't even look at stuff like that back then. But I remember it was like only the... Like in one of the first days, everyone that I followed was shelling it, all the My Lady people or whatever. And then I just ah i yeah decided to fade it, not do anything. And then saw the whole run up and coped.
00:39:10
Speaker
Yeah, yeah, so I coped it. And that's what I mean. That's one of those like, oh, there'll be a dip at some point. And there was actually Rune in 2023. So when we started moving out of like the bear market territory um of 23, and we actually got a bit of um momentum to the upside, like with a few rotations, Rune was one of the alts that um I had my eye on. And it was actually one of the first alts to break out of its like massive accumulation range. And I thought... do you know what, i'll um I'll be a bit greedy, I'll wait for the pullback too long, and there was no pullback. It literally went, I had the plan for fucking ages, and it was one of those ones where I was like, Jesus Christ, I thought I'd got over this. And then there was like one of the things that slipped through the net.
00:39:57
Speaker
um So, you know, even after all that time, and even i after everything I try and do, I still make mistakes, right? Yeah. but that that one trade there, or lack of trade, um set me up for the the next the next rotations.
00:40:15
Speaker
And I don't know, I guess I'm quite good at adapting and just learning. And if I make a mistake, it is what it is, right? I'm only fucking human at the end of the day, as is everyone.
00:40:25
Speaker
But I've done so many things right over the years that You know, you can stay focused on all the mistakes or you can go, well, know what? I did like however many hundred X on Rune I've done. don't know, probably like what's my cost average? Like a 30X on Bitcoin um over the seven years whatever.
00:40:48
Speaker
but I held it for. um Yeah. You know, and they were decent wins for me, let alone all the trading and everything else. Yeah. So what are your your current views on on the on the bleak bleak state of the current... It's over! It's dead!
00:41:06
Speaker
It's It's done! It's the last cycle a bit behind us. i thought Yeah, I mean, i I thought the cycle was was over um back in October. yeah And I think 1010 killed it.
00:41:20
Speaker
ah I don't actually know. Like, the the next cycle, if there is, one is super depressing to me, right? Because the next cycle... is Well, because to me, the next cycle is everything else has failed. Because i don't know what is going to propel Bitcoin to the next ah the next leg, right? yeah and And you're talking to someone who's been on a bull on Bitcoin for, you know, coming up to fucking 10 years. Yeah. is i've been I've been bullish Bitcoin for nine years now. I've accumulated a fuck ton of it. I've sold a fuck ton of it. I've still got some of it.
00:41:58
Speaker
So in short, I think the generational trade of buying Bitcoin off the drug lords and selling it to the bankers is done. um I think the only like cycle that can come now for crypto is as a result of either the traditional system has failed um in some way, shape or form, which is obviously you know a scary thought in terms of yeah what happens to like people's pensions and things like that. And you know everyday kind of people who aren't neats, as you put it earlier. yeah um Or it's just a genuine kind of slow burn global adoption of of Bitcoin. And, you know, some alts will pump and move a bit, but in general, you know, you never see an alt season like fucking 2021 ever again. Like yeah people are so fucking delusional, you know, but people like Alex Becker, oh yeah, alt season. Yeah, mate. Yeah. Yeah. Of course, of course that's going to happen. it this You know, you've got millions of alts.
00:42:54
Speaker
I don't know, mate, but there's ah there was a meme on there that Alex Becker successfully called the last 24 of the last two alt seasons or something. Like, it's just like, fuck, and there' there's no better way of putting it than that. You know, you're never going to get it again. So your choices are either get good or give up. And it's really that fucking simple. And, you know, people who are trading actively these conditions, I completely understand why you're doing it. That was me in 2028 or 2018, not 2028, right?
00:43:19
Speaker
or twenty eighteen' seen not twenty twenty eight right I'm not fucking a time trouble it um But you know, that was me back then. That's what you have to do. You have to learn yourself. You have to learn your system. You have to build your system. You you have to understand your limitations. you taking profit too early, too slowly, um too quickly? what's What's working? What isn't? Like all of that is, yeah, it takes a long time to build that up, I think, or at least it did for me, right? Yeah.
00:43:46
Speaker
So I'm not trying to say Now go on. click um oh yeah ah Do you think think it's still still worth it to get into at this point?
Challenges and Future of Crypto
00:43:57
Speaker
That's a really difficult question. I think from an investment perspective, outside of Bitcoin, no.
00:44:02
Speaker
um i don't think it is at all. I think, you know, if you if you're on a full-time job, you've got no hope of keeping up with the degenerates who have made millions and who are in cabals, who get inside information, who do this day in, day out, and, you know, aren't afraid of losing a few hundred thousand dollars a day. mean, you just, you can't compete with that. um if If you want to be like trading on the side to then eventually go into like a prop firm or something like that, like absolutely, that's like any other job or skill set. why that Why wouldn't you try and learn that if that's what you really want to do? You know, that's what I really wanted to do because I didn't want to be dependent on other people for, you know, a paycheck.
00:44:45
Speaker
Simple as that. Yeah.
00:44:49
Speaker
So I think the short way of answering that is it depends on your motivation, right? And it depends on on what you want out of it. I don't think that this is an investor's market anymore.
00:45:00
Speaker
um Put bluntly, like ah in old coins in in particular, I don't think that you're going to outdo the people who get access to all the lovely seed rounds and all this kind of stuff. I just don't think going be able to compete with that. And, you know, it's it's not very like retail friendly environment anymore.
00:45:18
Speaker
it's more mass extract. um But equally there's runners every day, right? There was, what's it called? Punch the monkey that went from like 100k to 35 million. And if you want to be an on-chain gambler,
00:45:30
Speaker
then go for it. But I do think that it is gambling. Now, Bitcoin is probably the only exception or like ETH and SOL and like the the big layer ones. You know, if you want to invest in those kind of ah over time, particularly Bitcoin, as I kind of explain my Bitcoin thesis, um then that makes total sense to me. But yeah, unless you want to be a trader,
00:45:52
Speaker
Yeah. i I wouldn't tell my mates or my grandma and my grandma's always my like, ah how I put it? Like my point of karmic reference, I suppose. yeah Yeah. Would I be telling my grandma to buy here?
00:46:06
Speaker
No.
00:46:10
Speaker
I really like, um I find it kind of a worrying that Bitcoin is in the state it's in. Like I kind of agree with what you said about the narratives and um Yeah, i just really hope we can like kind of reinvent something for it to... ah the The system collapsing is obviously not really in the interest of anyone, even if you have a lot of... And also just like that it' this kind of slow adoption that some people have like talked about now where it's like kind of just getting absorbed into TreadFi is also a bit... makes you think like what was the point in the first place?
00:46:45
Speaker
So yeah I'm kind of wondering, like I agree that there probably will never be an outseason again like there was in 2021. And maybe it's just going to become a bit more like a TreadFi related asset where we slowly go up similar to stocks unless we like underperform everything again for like eternity from now on like yeah the last couple of months. But I think there was also a lot of damage done from like leverage and 1010 and all of that.
00:47:13
Speaker
So... Yeah, that's what kind of think. And, you know, we're the canary in the coal mine, so to speak, aren't we, in terms of like risk appetite, like Bitcoin goes and then everything else kind of goes. Like it's the, you know, it starts the descent because it's, you know, a risk on or risk off kind of, it's a high risk asset. So as soon as it starts going down, it's kind of like, well, okay, risk appetite in general is lower.
00:47:39
Speaker
So, yeah. I don't know. i just, I'm struggling with it. And, you this is, you my personal belief and conviction um in the market. It's just not where it once was. You know, if, if the sitting US president can't kind of um keep it in a strong uptrend, what, what kind of hope do we immortals have?
00:48:04
Speaker
And maybe it's all a big, you know, accumulation tactic. Maybe it's something else. I don't know. I'm not smart enough to work it out. But I i can't, I equally, ah can't spot a better asset bubble um to kind of go and invest in. Do you know what I mean? Like, I don't have, do you know what, I'll just put 10 or 100 grand here for a couple of years and I'll probably come back to it being, know, 10, 20, 30, 40, Like, i don't i don't know where that is is it AI agents? i mean, everyone seems to be building them at the minute, though I've not really seen anything useful. know, what I call the vibe coding.
00:48:42
Speaker
Have you explored any other markets like metals or stocks? ah Not really. I've got a tiny bit of like gold and silver and stuff, but um it's, it's nothing to write home about. You know what mean? Like I even tweeted about the Bitcoin gold ratio, like just as it broke out of a massive, um massive like accumulation range essentially, but i did fuck all with it myself.
00:49:03
Speaker
um So yeah, i
00:49:08
Speaker
I've got um a lot of like index stuff. So like I've always put money in pensions and stuff like that because I'm boring. um But I've got no trading of like active trading of stocks or anything like that.
00:49:26
Speaker
you what mean? Like I'm just not, I kind of keep wanting port over to TradFi. But um it again, it's what you're used to and can't be bothered. I guess it's ah is a luxury to be lazy about it.
Trading Lifestyle and Market Nature
00:49:42
Speaker
Yeah, there's a quote, isn't there about something like it's hard to be motivated when you wake up in silk sheets. And, you know, i haven't done as well as a lot of people, but I'm comfortable. Like, you know, I've got a couple of years run way, to put it that way. so You know, it's it's a very nice position to be in, but it's also at the back of eight years of being terminally online 24 seven, you know, you check your phone periodically and see what's going on on Twitter. And you're like, fuck this, this, um this protocol's, you know, done whatever. Like there was one coin, I'll just say it was BERT, it was a mean coin, which I went pretty heavy into. And there was one one day we had some friends around for dinner and like, I was shitting the fuck out it, to be honest with you. um And I was literally sat downstairs and I checked my phone i was like, that can't be fucking right. Like some guys DM me like, I'm liquidated, blah, blah, blah. I was like, what fuck are you This is it like 200 million market cap or something. It went down like 90% in the day after it went 200x the day before. I was like, what the fuck is this?
00:50:50
Speaker
So I like said, excuse me guys, we're just gonna have to check something. I was like, oh fuck. It's literally like... fucking wrecked people it was just it was just mental and like when i think about the kind of stress and the um impact it can have on your life like you know especially like people you used to see the upside of of influencing right which is obviously cold deals seed rounds um paid promotional stuff and partnerships all that kind of bollocks But you don't kind of hear the people in DMs like, I've just like liquidated my fucking life savings. Like you can, you can disassociate yourself a little bit because you're like, well, that was your choice. But equally, it's like, it probably wouldn't have been on your radar if I didn't tweet about it.
00:51:37
Speaker
yeah But equally, there was a guy who offered me like a million dollars, because he he made like 20 million out of Rune or something. i was like, nah mate, keep it, because I ain't refunding everyone who Yeah, yeah, yeah. I was like, keep it, I ain't refunding everyone who I've lost money, because I'll be fucking broke. yeah I mean, at the end, it's like everyone for themselves. It is.
00:51:59
Speaker
The market's PvP, right? that The whole idea of trading is you know it's technically a net negative because I'm not trading against you. i'm like if the if the market was just me and you, right the entire market, me and you could go ban for ban, keep going, keep going, keep going. But all the while, the exchange in the middle is is reaping in the fees. yeah so You know, the they're softening out of us. We could both start with $100, one of us will end up with like 150, and the exchange will end up with the other 50. Do you know what I mean? like
00:52:30
Speaker
So it's tough game, especially if you're perpetrating and stuff, and not just buying and fucking off for four years. Do you have anything that you find like interesting or hopeful about?
Future Prospects in Crypto and AI Markets
00:52:41
Speaker
feel like I need some like positive vibes. need some hope. Sorry, I've been so negative. Yeah, yeah. No, it's not just you, but I feel like it's also me on this podcast. I need a bit more hope for.
00:52:53
Speaker
Alright, so let let's let's talk about the positives of crypto. So one, I'm bullish Bitcoin. i think, I still think that is a great asset, only 21 million ever. I still think it runs to a million at some point for whatever reason.
00:53:05
Speaker
I don't know, it could just be opium, whatever. I do think that there's like, um I think SocialFi was done really badly and I'd like to see that done really well. So I genuinely think the combination of SocialFi, like not in the terms of like InfoFi where people just tweeted shit and like good morning and got the replies and all kind of stuff. but stuff where there's actually like a social credibility to your calls and to um your karma and all that kind of stuff, basically. So I think that or like the ability to just like stick your PNL or whatever, like directly into Twitter and be like, look, I'm a verified trader and blah, blah, blah, like do all that stuff. And it's not copy trading because i think copy trading comes with its own connotations of like, like you know, again, i would
00:53:48
Speaker
I've always toyed with it because I've seen people make fuck tons of money copy with copy trade accounts, even though they're down like minus 70% or something stupid. So rake in the fees because that mechanism is stupid and only favors the coals. But anyway, um enough of that.
00:54:03
Speaker
ah Yeah, I think SocialFi is a big one. i think there is like an AI, a space for like an AI ah marketplace and like agents and all that kind of stuff. yeah um And I invested in a few things that thought were going to do that and they all kind of flopped, which was a bit bit of a shame and like roundtripped a fair bit of money on on quite a few of those. um But I still think that that, if you can automate elements of real businesses using some form of like ah platform that is, yeah know, it has a governance, bullshit governance token or something, then that's probably a decent decent area.
00:54:46
Speaker
And privacy, like I know we've had the the conversation about like Zek and stuff like that, but privacy I still think is one of the core points of crypto and I think with the global surveillance kind of increasing massively you in the UK um for example there's draft legislation saying you can only have up to like twenty thousand dollars of stable coins or so three thousand pounds of stable coins so what the fuck like I mean yeah okay I've got I've got 20,001, right? Off to jail you go, Charlie, you fucking cyber criminal you. you what mean? Like, that's just fucking stupid. Yeah. um
00:55:28
Speaker
But I think there's gonna be, there's not, speaking about the UK specifically, there's a lot resentment towards the UK government, towards the tax system, you know. The impression over here is that it's all load of foreigners coming in taking our jobs all this stuff. And realistically, it's not that. There's all the jobs that we don't want to do. Yeah, I'm not going to talk politics, but I guess my point is that the kind of hatred towards the governments will ultimately, think, kind of create a push for more privacy, you know, digital assets that, you aren't in the control of banks that can just be seized at any point and all that kind of stuff. So I still think that's a big area. Still think that's a big area for crypto to succeed in.
00:56:14
Speaker
You reminded me, I'm actually a huge fan of Monero. I think that's like one of the only things that has a point. And it's also kind of fitting in the original ethos of privacy and cypherpunk ideals, even if it's not the most popular one or even if it only went up a bit recently or whatever. The price action usually isn't crazy or whatever. It's actually like you can use it for stuff and it's like you can do something with it which can't really be said for those crypto assets so it's one of the ones I had yeah yeah I had an alert for it like 324 completely ignored it today so yeah it's very much on my radar but yeah like you said there was a good rotation on it as well before but I think that was like some hacker cashing out like 200 million or something wasn't it but you know it's a real use case yeah you know
00:57:09
Speaker
Can't argue with can argue with that. It's kind of doing as intended, right? Yeah, I guess so. I think we've covered a lot of stuff. Or do you have like more and more to...
00:57:22
Speaker
No, don't know. I think that's it. I genuinely think that this is going to turn into a trader's market. um I think it already is a trader's market, not an investor's market. um So if you want to be a trader, like now is a good time to fucking lock in and learn. right Play the game while it's hard, and then you'll be ready for when it's easy. because as much as I keep saying like it's going to be an alt season, there will still be strong rotational seasons because people want to gamble.
00:57:50
Speaker
Right? There will still be good runners. There will still be supply bundled pieces of fucking garbage. Like um like Pippin running 100x in a month.
00:58:04
Speaker
Right? So there's there's this's kind of always opportunity as long as you can trade and manage your risk and all that kind of stuff. But Yeah, I mean, I think in general, I'm kind of, I still think crypto is the best space to um to kind of focus and actually build that like trading muscle.
Advice on Goal Setting and Progress Tracking
00:58:24
Speaker
um As an investor though, it's pretty, yeah, bleak. A couple of times a year there's free money on the floor, you just have to pick it up. Yes, that's a great, great quote.
00:58:37
Speaker
And it's so true. It is so true. A lot of people would be better off taking 10 trades a year that they would bet that bollock on than 10 trades a day that they're just trying to, you know, scalp 1%.
00:58:52
Speaker
But I am actually in the latter. But that's why I kind of like having some cash on the side to be like a bit prepared for scenarios like that because very often in the past, I've been in crypto for a while, but I was like pretty...
00:59:09
Speaker
resource constrained for most of the time so like even though i i was there for a lot of opportunities i couldn't take advantage of them and yeah it's still gonna keep coming maybe they're gonna get like a bit less or a bit hard attacks or whatever but it's still always good too to like pay attention be there and just like be ready to to strike when when the opportunity arises Yeah, I mean, Bitcoin's put in nearly like an 8% illy candle, do you know what I mean? That's pretty fucking remarkable. Like, I think we all take for granted, like, yeah you could probably get filled for a million dollars on Bitcoin, like, pretty fucking easily with, like, hardly any slippage. yeah And you could have made 10% in the last 24 hours on that. Like, that is, yeah, it's a fucking wild market. It's fucking wild.
00:59:58
Speaker
But, yeah. I'm probably never going to leave this space. do you have any last like words of wisdom or advice for people? and you can empower of them Words of wisdom or advice?
01:00:10
Speaker
I think reflect on where you are, where you've been, and where you want to be. i think write it down. Write a plan. Know when you're doing well and when you're not.
01:00:21
Speaker
Like the only genuine progress that I've made is when I've done that and I've been pretty rigid with myself and reviewed my goals. You know, I want to be at X by y Yeah. If I said to myself, I want 250,000 followers by the end of the year, I'm going to put 10 bits of content out every day. I'm going to write a guide every week, YouTube video every week, do whatever. Right.
01:00:46
Speaker
If I'm doing all that and like working towards my goal and I've got a thousand followers this week, a thousand followers next week and so on, it becomes really easy to track. i I'm just using that as like a completely different adage. But yeah you know for me, it's it's writing it down.
01:01:00
Speaker
A lot of people come to crypto and say, I want to make a million dollars. Oh, that's really cool. How the fuck are you going to do that? And yeah, guide your time.
01:01:11
Speaker
I think that's good advice. That's probably it. Thank you very much for coming on. Cheers, mate. Thank you for having on. Sorry, I'm not super bullish. That's fine.